US initial jobless claims 236K versus 220K estimate. US trade deficit narrows to -$52.8B.U.S. initial jobless claims rebounded to 236K, slightly above the 220K expected by economists. The prior week was also revised higher to 192K from 191K, though that earlier reading remains unusually low.
United States Continuing Jobless Claims below expectations (1.95M) in November 28: Actual (1.838M).United States Continuing Jobless Claims below expectations (1.95M) in November 28: Actual (1.838M)
United States Initial Jobless Claims came in at 236K, above expectations (220K) in December 5.United States Initial Jobless Claims came in at 236K, above expectations (220K) in December 5
Dollar Delivered a Dovish Surprise.The US dollar experienced its worst day in nearly three months after the Fed cut its key rate and announced a $40 billion asset purchase programme for the upcoming month. The Fed chairman noted that the labour market is cooling and that official employment figures are overstated by about 60k.
Big central banks edge back towards hiking mode, but Fed keeps cutting.Central banks in big economies are signaling a change of stance, with many now on hold after a long easing cycle, and policymakers flagging that their next moves, in time, could be rate hikes.